Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Friday, 29 April 1932

Mr PROWSE (Forrest) .- I support the amendment. It seems to me that the Government proposes to depart from ordinary business procedure in the manner of these appointments, and in this respect I disagree with the last speaker. In the commercial world it is the principals in any concern who appoint both the manager and the board of directors. In the case of an ordinary joint stock 'company the principals are the shareholders. In the case we are considering the principals are the public, whose power is vested in this Parlia ment. In a business concern the manager is the responsible person, while the board of directors is appointed to safeguard the interests of the principals, that is, the shareholders. The general manager to be appointed in connexion with broadcasting control should possess the highest qualifications, and a full knowledge of all the phases of the undertaking. We should then appoint a reputable directorate to oversee his operations, and to receive from him reports of hia activities, either' daily, weekly or fortnightly, as the case may be. I, myself, have been manager of a company, and I was the responsible person. The principals, that is, the shareholders, appointed me, and they also appointed the directorate. For every board meeting I had to prepare certain recommendations, which I submitted to the directors for their approval.

Suggest corrections